Vedanta Arm Talwandi Sabo Power Fined Rs 127 Crore by Supreme Court

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AuthorKavya Nair|Published at:
Vedanta Arm Talwandi Sabo Power Fined Rs 127 Crore by Supreme Court
Overview

Vedanta Limited's subsidiary, Talwandi Sabo Power Ltd. (TSPL), has been ordered by the Supreme Court to pay approximately Rs 127 crore plus late fees. The ruling supports Punjab State Power Corporation Ltd. (PSPCL) in a dispute over misdeclared power availability in January 2017.

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Vedanta Limited announced that its subsidiary, Talwandi Sabo Power Ltd. (TSPL), must pay around Rs 127 crore plus late payment surcharges following a Supreme Court judgment. The court ruled in favor of the Punjab State Power Corporation Ltd. (PSPCL) and Punjab State Load Despatch Centre (PSLDC) regarding an alleged misdeclaration of power availability.

Supreme Court Reinstates Penalty

The Supreme Court, in its May 20, 2026 order, overturned a previous decision by the Appellate Tribunal for Electricity (APTEL). This action reinstated the Punjab State Electricity Regulatory Commission's (PSERC) original order and allowed the appeals from PSPCL and PSLDC. The court confirmed the penalty against TSPL for misrepresenting its power availability in January 2017, as per the Grid Code.

Financial Impact for Vedanta

Vedanta stated that TSPL is now liable to pay the penalty and surcharge to PSPCL. This financial obligation arises as TSPL's shares are being prepared for listing on the BSE and NSE, following the demerger of its merchant power business from Vedanta Ltd. The disclosure was confirmed by company officials from both Vedanta Ltd. and TSPL.

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